After languishing for several months it’s finally beginning to show some upside momentum and looks ready to head higher over the near term.
It’s time to short it.
Gold stocks are looking attractive as they trade at historically cheap discounts to physical gold.
Cheap valuations, oversold technicals and sky high implied volatility set up ideally for a trade.
It just reached historically oversold levels that have been great buying opportunities in the past.
It’s now the most overbought and overvalued stock in the past two years.
Overbought technicals and euphoric sentiment indicate its post-earnings rally is now past its prime.
Traders should take advantage of the overblown coronavirus fears and look to be a buyer on any weakness.
The stock is going parabolic although the earnings remain stagnant. Historically rich valuations and overbought technicals point to a pullback.
Overbought technicals and rich valuations point to a looming pulllback as momentum wanes.